J.P. Morgan and Wells Fargo: Housing on Mend

By

Dan Fitzpatrick and

Shayndi Raice

Updated Oct. 12, 2012 5:11 p.m. ET

Two of the nation's largest banks released third-quarter results that suggest the U.S. housing market, a key factor in the nation's economic performance, is bouncing back as mortgage rates hit record lows and home refinancings surge.